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Disney CEO Bob Iger tells employees to return to the office four days a week

Bob Iger poses with Mickey Mouse at Mickey’s 90th Annual Spectacular at Shrine Auditorium in Los Angeles on October 6, 2018.

Valerie Macon | AFP | Getty Images

disney CEO Bob Iger told his hybrid workers on Monday that they will have to return to the company’s office four days a week starting March 1, according to an email obtained by CNBC.

In the email, Iger stressed the importance of face-to-face collaboration.

“Over the past few months, meetings with teams across the company have reminded me of the great value of being with the people I work with,” Iger writes. “As I have said many times, creativity is the heart and soul of who we are and what we do at Disney. Nothing can replace the ability to observe, observe, and create.

During the pandemic, many companies have opted for work-from-home or hybrid work models, resulting in large crowds. COVID, to a minimum. As vaccination rates rose and case and hospitalization rates fell, companies like Disney tried to bring staff back to their offices and to a more normalized working environment than they had before the pandemic.

Eiger‘s four-day work week policy is relatively strict compared to other large companies. Other large companies require hybrid employees to work two to three days.apple Mandatory employees return to work three days a week in September.twitter owner Elon Muskfamously stayed at the company’s property as a sign of commitment, ordering nearly every Twitter. Employees return to the office five days a week in November.

Disney’s new policy, announced less than two months after Iger took control of the company, promises a two-year term to spur new growth in the company and develop his successor. increase.

Iger’s return in November was hailed by former CEO Bob Chapek The company planned to cut costswas inflating the cost of the streaming service Disney+. Iger’s return also comes to traditional media companies competing in a rapidly changing landscape as advertising dollars dry up and consumers increasingly abandon cable subscriptions in favor of streaming.

Eiger Planning to reorganize Disney’s Media & Entertainment Distribution Division. Oversee company content and distribution. He has changed the company’s organizational structure to maintain the hiring freeze implemented by Chapek. Budget power returns to those who choose creative projects.

disney The stock has fallen about 40% over the past year. The company has a market valuation of approximately $174 billion.

Watch: Full Interview with Morris Mark of CNBC’s Mark Asset Management (Netflix, Disney)

https://www.cnbc.com/2023/01/09/disney-ceo-bob-iger-tells-employees-to-return-to-the-office-four-days-a-week.html Disney CEO Bob Iger tells employees to return to the office four days a week

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